Today’s top U.S. stocks: Roku Inc. (ROKU ↑9.4%), Moderna Inc. (MRNA ↑7.1%)
See the 10 biggest gainers on the New York Stock Exchange and Nasdaq on May 02, 2022.
The best performing companies today were Roku Inc. (ROKU, up 9.4%) and Moderna Inc. (MRNA, up 7.1%).
The S&P 500 index closed 0.6% higher as investors swooped in, hunting for bargains after the recent selloff. The Nasdaq rose 1.6% while the Dow Jones Industrial Average gained 0.2% ahead of this week’s Federal Reserve meeting where policy makers are expected to take an aggressive stance in increasing interest rates.
Standout performers in U.S. markets Monday, May 02, 2022
Roku Inc. (ROKU) was the biggest gainer today.
Shares in the company rose 9.4% to $101.67. The stock advanced after the streaming company said its users can sign-up for Apple Music through the Roku channel store for a 1-month free trial.
After the trial, Apple Music plans are available for purchase starting at $9.99/month. Roku may generate commissions from the arrangement, helping boost the streaming company’s sales, Luzi Ann Javier, a markets editor at Finder, said.
Learn more about investing in Roku Inc. in Finder’s full guide.
In second spot for market gains was Moderna Inc. (MRNA), the NASDAQ company.
It rose 7.1% to reach $143.92. Moderna stock rallied after the company’s chief medical offer said its vaccine for children under six years will be ready for the Food and Drug Administration to review at its June meeting.
Investors likely view Moderna as a better bet in the pharmaceutical industry after its competitor Pfizer run into some issues with its Covid therapy, Luzi Ann said. Pfizer shares fell after the company said last week that its study of Paxlovid failed to meet its goal of reducing the risk of COVID-19 infection in adults exposed to the virus through a household contact.
Find out more about investing in Moderna Inc. in Finder’s full guide.
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These were the 10 biggest gainers today:
|Roku Inc. (ROKU)||$101.67||9.4%|
|Moderna Inc. (MRNA)||$143.92||7.1%|
|Align Technology Inc. (ALGN)||$307.67||6.1%|
|Biontech Se ADRs (BNTX)||$146.77||5.8%|
|Sea Limited ADRs (SE)||$87.40||5.6%|
|Docusign Inc. (DOCU)||$85.52||5.6%|
|Epam Systems Inc. (EPAM)||$278.57||5.1%|
|Spotify Technology S.A. (SPOT)||$106.85||5.1%|
|Occidental Petroleum Corporation (OXY)||$57.38||4.2%|
Market movers Monday, May 02, 2022
Each weekday we round up the biggest gainers on the NYSE and Nasdaq, ranked by price percentage from market open to market close. To avoid higher price volatility we only include stocks with market caps of more than $10 billion. Price changes are calculated from the open to the close on the trading day, but these prices may be subject to minor variation depending on data availability.
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